Recently, some banks have begun to limit the number of credit cards that cardholders can hold. According to an announcement issued by Postal Savings Bank of China, the bank plans to adjust the number of credit cards it holds starting from February 16, 2022: the upper limit of the

Since the release of the new credit card regulations, major banks have proactively adjusted relevant policies. Recently, some banks have begun to limit the number of credit cards that cardholders can hold.

According to the announcement issued by Postal Savings Bank , the bank plans to adjust the number of credit card holdings starting from February 16, 2022: the maximum number of valid credit cards held by the same customer with the bank is 5 (inclusive) 5), if the upper limit has been reached, you will not be able to successfully apply for a new card.

At the same time, according to reporters, some banks have issued relevant announcements on "credit card holdings" since last year, and the control of card holdings is constantly being upgraded.

In mid-December last year, China Banking and Insurance Regulatory Commission issued the "Notice on Further Promoting the Standardized and Healthy Development of Credit Card Business (Draft for Comments)", which put forward clear requirements for card issuance management. Banks are required not to directly or indirectly use card issuance volume, number of customers, market share or market ranking as the single or main assessment indicator.

Some banks have also begun to take countermeasures in response to problems such as the blind pursuit of economies of scale and market share and the over-issuance of cards and repeated issuance of cards.

According to the Postal Savings Bank’s announcement on adjusting the upper limit of credit card holdings, the bank plans to adjust the number of credit card holdings starting from February 16 this year. In addition, if you apply for a new card, you can cancel the card, reduce the number of valid cards under your name to less than 5 (not including 5), and try to apply again.

In addition to the Postal Savings Bank, China CITIC Bank previously issued an announcement to adjust the number of credit card holders of CITIC Bank. The total number of valid principal and supplementary cards held by the same customer at CITIC Bank is capped at 10 (inclusive). If the upper limit is reached, card replacement, card upgrade or downgrade, and new credit card applications will be rejected during the year. .

reporters found through comparison that although banks currently have different regulations on the upper limit of credit card holdings for the same customer, it can be seen that banks are becoming more and more strict in controlling the number of credit cards. Yu Baicheng, president of

Zero-One Research Institute, told reporters that some banks with currently high credit card dormancy rates will use various activation methods such as exemptions, promotions or subsidies to allow holders to use them. Credit cards; on the other hand, excess credit cards that have been dormant for a long time will be cleaned up. Postal Savings Bank’s adjustment to the number of valid credit cards this time is also a response to the new regulations to reduce the dormancy rate.

The relevant person in charge of the China Banking and Insurance Regulatory Commission said that in the future, the China Banking and Insurance Regulatory Commission will also dynamically lower the limit standard for the proportion of long-term sleep credit cards and continue to urge the industry to reduce the proportion of sleep cards to to a lower level. Su Xiaorui, a senior analyst at

Analysys, told reporters that the new regulations upgrade the provisions related to sleep cards, which will help banks promptly monitor and discover internal risks, and lay a good foundation for the bank's own security and compliance work.

"The new regulations put forward requirements for indicators such as the proportion of dormant credit cards, which will have an impact on bank credit card strategies and assessment indicators. In the past, banks paid more attention to the card opening rate rather than the true usage rate. With the release of the new regulations, Banks will shift to quality assessment dimensions such as activity level, so that only such credit cards will be valuable," Yu Baicheng said.

In the past two years, the number of new credit card issuances has shown a downward trend. Su Xiaorui said that the era of "scale is king" in credit card business is gradually ending. In the future, in addition to integrating with specific scenarios, banks will also need to consider using technology to improve card usage. experience, and you can also consider other benefits and additional functions of credit card products.

Huang Dazhi, senior researcher of at Suning Financial Research Institute, also told reporters that the development of credit card business requires differentiation. The growth of credit card revenue and profits is actually determined by the user's contribution to the installment business and transaction scale. Regardless of installment business or transaction size, bank credit cards must play a substantial role in helping users' needs.